Iofina reassures shareholders as share price tumbles
Published: Monday, 14 December 2015
Iodine production levels have been hit by anti-earthquake measures which have curtailed salt water injections by Iofina’s oil and gas producing partners, in turn affecting brine flow for iodine production. Despite this, the company still hopes to reach H2 targets.
Iodine producer Iofina Plc has seen its
share price drop more than 50% over the past month, following
moves by the Oklahoma Corporation Commission (OCC) to stem
The OCC last month prepared an implementation plan with the
aim of reducing salt water injections, which it believes may
have contributed to...